Foreclosed and Distressed Investment Properties in Hungary
Hungary is located in Central Europe, and is bordered by Austria to the west, Slovakia to the north, Ukraine to the northeast, Romania to the east, Serbia to the south, and Croatia and Slovenia to the southwest.
Luxury property prices in Hungary tend to be lower than many western European countries, especially in Budapest and lake regions like Balaton, which provides opportunities for real estate investors and private use buyers looking for luxury real estate.
Popular areas of Hungary with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses, broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
Hungary is located in Central Europe, and is bordered by Austria to the west, Slovakia to the north, Ukraine to the northeast, Romania to the east, Serbia to the south, and Croatia and Slovenia to the southwest.
Luxury property prices in Hungary tend to be lower than many western European countries, especially in Budapest and lake regions like Balaton, which provides opportunities for real estate investors and private use buyers looking for luxury real estate.
